RE:RE:RE:RE:Drills?
Goaweigh wrote: We are post RM, he's sold short 1,500,000 shares against his warrants and probably doesn't have much if any stock left.
The last down dip could have been his final sales and we've rebounded nicely.
Although with 50,000,000 shares out why fixate on one guy who only owns a few percent of those.
The only thing that really matters is proving up a massive orebody, once we've done that the stock will look after itself.
Now about the massive orebody, CT has implied that they are re-analysing all of the past drilling and the inferance is that they've discovered something intreaguing about how this orebody is coming together.
I'm a bit baffled by what's going on, maybe they've misread the assays and the decimal was in the wrong spot so we now have to multiply everything by 10
Love to know what's going on !
Any ideas anyone ?
My thoughts go along the lines of... well, first you need to dig out this map before I continue. Open it in a new tab: https://greatbearresources.ca/site/assets/files/3870/2020-06-18-gbr-figure1.jpg
Then also open up yet another tab with this, and scroll down to the first map (showing the LP fault, and the North fault): https://greatbearresources.ca/news/great-bear-drills-81.22-g-t-gold-over-10.50-m-at-bedrock-surface-at-lp-fault/
Below is pure speculations. I am most likely very wrong in my assumptions, and you are wise to regard all that I am about to write as being blollocks.
Fantasy begins:
My very unscientifical take on all this, and the silence from GBR - something we are not accustomed to - is that they have drilled a few holes in the North fault and found good grades of gold.
This would be a game changer. Another game changer.
If my gut feeling is correct, we not only have a mineralized zone that is 5 km long (or 11, depending), but is also so wide that it stretches all the way from arrow/hinge/limbe to the north fault, witl LP in the middle.
This would in turn make Dixie a single gold field with the amazing measurements of at least 4.5 x 2 km, or 9 square km in size. Minimum.
Again, if my thoughts are correct we got shallow mineralization more or less all across this area, in spots. Just look at the maps again. And we have no clue as to how deep we can drill and still find gold. But it sure looks as if grades improve with depth.
Now, we know there is gold in the North fault although just the one hole has been published officially. This was way back.
We know GBR just recently found the Arrow zone.
From the maps above we can extrapolate that there could vey well be more Arrow zones out there (look at the geology, the folds, and then general layout that can be seen in the maps).
And all this must have been fed from a source area.
I think GBR is on the brink of releasing news that will tell us this is not only a tier 1 find, but possibly one of the biggest finds ever.
At least that is what I hope for.
Fantasy ends.
There, my take on this silence. But I am most likely wrong. Anyhow, we will find out. And it is way more fun speculating s bit rather than just watching Youtube vids.